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Management Newsletter Article | October 31, 1998

Ramsay Closes $22 Million Financing

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On November 2, 1998, Ram say Health Care, Inc. announced that it had closed a $22 million financing with Fleet Capital. Eight million of the financing has been used to refinance all existing bank indebtedness. The additional financing will provide the company with a $8.0 million revolving credit line and a $6.0 million acquisition line . . .

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